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Eleven Indian Americans named in the Forbes 2017 Midas List

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Midas List
Midas List

Neeraj Agrawal has been selected to the Forbes Midas List for the seventh consecutive year, he paces a field of nearly a dozen Indian American venture capitalists named to the list this year.

SAN FRANCISCO (Diya TV) — Eleven Indian-American investors have been selected to this year’s Forbes list of the world’s 100 best venture capitalists.

Produced annually, the “Midas 2017” list is comprised of the world’s top angel investors, it takes into account a venture capitalists complete portfolio currently and stretches back five years. Jim Goetz, a partner at Sequoia Capital, topped the chart of this year’s list.

Neeraj Agrawal, a general partner at Battery Ventures, crept the highest of any Indo-origin investor on the list, ringing in at the No. 17 spot. Sameer Gandhi, a partner at Accel Partners, followed just behind at No. 23; Asheem Chandna of Greylock Partners chimed in at No. 28; Salil Deshpande, the managing director of Brain Capital Ventures was selected at No. 33 and Aneel Bhusri, the chief executive and co-founder of Workday came in at No. 37.

Have a look at Forbes’ complete Midas List for 2017 here.

For Agrawal, the selected spelled his seventh consecutive appearance on the list. Two of his companies — Coupa and Nutanix — went public last year. Another, AppDynamics, was set to go public earlier this year before Cisco stepped in with a nearly $4 billion acquisition.

Taneja, who holds five different degrees from the prestigious Massachusetts Institute of Technology, makes his inaugural Midas List appearance. This comes after an early investment in Snapchat, the social media platform that exploded to a $25 billion public offering in February of this year.

 

Business

Indian IT companies curb H-1B premium processing

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H1-B visa premium processing

MUMBAI (Diya TV) — Indian IT services companies are not racing to use a H1-B visa premium processing option as in years past due to a changing business model and higher rejection rates.

Google announced a $1 billion commitment to help alleviate Silicon Valley’s housing crisis, saying they will add about 20,000 homes. While the housing plan is welcomed, many critics are upset that Google is able to do this because they exploit tax loopholes to shelter billions of dollars in revenue.

PG&E, the California public utility blamed for igniting several wildfires caused by downed power lines that killed dozens and destroyed thousands of homes, agreed to pay $1 billion in damages to local governments.

Laxman Narasimhan will becoming CEO of consumer goods group Reckitt Benckiser this fall.

He was Chief Commercial Officer at PepsiCo.

And India’s lunar lander will launch this July for the moon, and will launch its first mission to study the sun in 2020. ISRO is also planning to have a space station for India by 2030.

Ravi Kapur & Alejandro Quintana contributed to this report.

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Business

India blocks entry of a Palestinian rights group into the U.N.

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Modi blocks Palestinian Rights

WASHINGTON (Diya TV) — Israeli Prime Minister Benjamin Netanyahu thanked Indian Prime Minister Narendra Modi on Twitter for India’s support in blocking the entry of a Palestinian rights group into the UN.

The U.S. Chamber of Commerce’s U.S.-India Business Council held day one of the India Ideas Summit, convening government officials from the U.S. and India, as well as business executives and thought leaders from around the globe. Google CEO Sundar Pichai and NASDAQ CEO Adena Friedman won Global Leadership Awards respectively.

And U.S. Secretary of State Mike Pompeo spoke as well, highlighting what he hope to accomplish during his visit to India in a few weeks.

Warriors star forward Kevin Durant announced on Instagram he had successful Achilles tendon surgery in New York surrounded by family and friends. His team will square off against the Raptors tomorrow night for Game 6 of the NBA Finals. Diya TV will be there with pregame and postgame analysis.

And Ravi Kapur and Jonathan Choe will take you inside TD Garden in Boston where St. Louis Blues are looking for their first Stanley Cup and the Boston Bruins are looking to add to their collection.

Ravi Kapur & Alejandro Quintana contributed to this report.

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Basketball

Trump calls 50% tariffs by India on US motorcycles unacceptable

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Indian Tariffs unacceptable

WASHINGTON (Diya TV) — President Trump said though India reduced import tariffs on American motorcycles from 100 percent to 50 percent, it is still too high and not acceptable to him.

The Michigan Board of Education voted to approve new social studies standards, which now include Sikhism for the first  time. The new standards will give more than 1.4 million public school students in Michigan context about the Sikh community.

In a list compiled by the New York Times, Palo Alto Networks CEO Nikesh Arora and j2 Global CEO Vivek Shah are two of the top ten highest paid CEO’s amongst U.S. publicly traded companies.

While Arista Networks CEO Jayshree Ullal, Syntel co-founder Neerja Sethi and Confluent co-founder Neha Narkhede are among the richest self-made women according to Forbes.

And Ravi Kapur and Jonathan Choe will recap an eventful night in Toronto, where the Golden State Warriors held off the Raptors in Game 5 of the NBA Finals, after losing their star Kevin Durant to an Achilles injury.

Ravi Kapur & Alejandro Quintana contributed to this report.

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